Mexico’s Pemex Seeks Partners for Shallow Water Fields

10/18/16 The Wall Street Journal

pemexMEXICO CITY—Mexican state oil company Petróleos Mexicanos said Tuesday that it will seek private partners to develop two shallow water oil fields in its second planned exploration and production joint-venture under the country’s new energy laws.

The Ayin and Batsil fields in the southern Gulf of Mexico contain estimated reserves of 281 million barrels of crude-oil equivalent, including 46 million barrels in proven reserves, 77 million in probable reserves and 158 million in possible reserves, Pemex said in a news release.

Read more…

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s